The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-24
DUN s. CO.'S BUSINESS REVIEW.
Trade Quite Active, but the Relatinos of Sup
ply and Demand Are Not Satisfactory.

Trade Quite Active, but the Relatives OF Sup
ply and Demand Are Not Satisfactory.
NEW YORK, Dec 23-R G. Dun & Co., in
their weekly review of trade, say: Business
throughout the country is active for the season.
and though collections at some points are slow
and credits are strained, the reports are gener-
ally satisfactory. But uncertainty and hest
tation affect important branches OF production,
and the industrial outlook does not i'm
prove Currency is generally in good sup.
ply. where payments slowest
and credits most strained. Speculation
has been less active and the general
level of prices though higher than week ago
in most speculative markets, has. on the whole,
declined little Since July the average of
prices in speculative markets has advanced 10 8
per cent, with the tendency still upward. while
the average advance in all other prices has been
G. 6 per cent, with the later tendency down
ward. These facts indicate activity in trading
rather than satisfactory relations of supply and
demand.
The iron trade is unsettled, with sales of sew
eral thousand tons Birmingham pig, here, while
at Philadelphia offers 81 below the market
noted. Sales Of 40. 600 tons steel rails have been
made during the week, and generally at terms
netting between $31 and $50. Bar-iron is weak
err and the tendency to shrinkage in demand
appears not only in crude, but in many manu-
featured forms Of iron and steel Wool is not
active. and prices range 10 to 10
per cent. below those OF May last. not
withstanding the decrease in Imports and
in home production, which shows a curtailment
CT the manufacture Cottons are firm at recent
advances. and in good demand for the season.
print cloths having this week risen to BIC bid,
but continued large supplies cause raw cotton TO
recede eighth. The boot and shoe business
is doing well. and it is noted that purchasers are
already hurrying up their orders while the
leather trade improves slightly if st all Ths
financial strain is in some quarters severe. The
men have already struck.
Several manufacturing establishments have
closed for the present, and the repairs usual at
this season are likely to continue longer than
usual, if markets do not change. On the other
hand the distribution of groceries is noticed in
all sections as unusually large. and the trade in
holiday goods is both large and unusually early
At St. Paul. Detroit and some other points, the
weather is noticed causing du.lness in some
branches of business, and st few other points
sale business exhibits shrnkaee, but
the general volume OF trade shown in
bank clearines outside this city is
even now fully as large last years
at this period. Notwithstanding the ex-
pected Reading strike. stocks have averaged a
fraction higher than a week ago, but the market
has been exceedingly dull. Wheat has risen IL
cent, oil 81 cents, coffee &c. with better distribu
ton; hogs &c. and pork % cents bar
rel Foreign trade shows q small decrease in
imports, while exports from this city for three
weeks have been D. per cent below those of the
corresponding week last year.
The business failures during the last seven
days mum Der, for the United States 26I, and for
Canada. &c. total, 290 compared with 288 last
week, and 263 for the corresponding week last
year.